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Artificial Intelligence and System Dynamics in Business and Management

April 3 at 11 am NY | 4 pm London | 11 pm Beijing | Time Converter

This webinar presents the dynamic interplay between Artificial Intelligence (AI) and System Dynamics (SD) in business and management. As AI’s role in solving complex challenges and redefining system interactions grows, it becomes imperative to examine its synergistic relationship with System Dynamics.

This session unveils the results of a thorough literature review, employing integrated bibliometric and topic modeling techniques to probe the extent and nature of AI and SD’s convergence in business and management. Our study focused on a pivotal research question: “To what extent and in which direction is the literature on Artificial Intelligence (AI) and System Dynamics (SD) converging within the business and management landscape?”

Highlights of our findings:

  1. In-depth bibliometric analysis: uncovered the intersections of academic discussions on System Dynamics and AI, charting the evolution and patterns of their convergence.
  2. Advanced topic modeling discoveries: delved into the intricacies of AI and System Dynamics integration, as revealed by cutting-edge topic modeling, offering a granular view of this convergence.
  3. Dual convergence pathways: assessed the nuances of “soft convergence,” where AI enhances System Dynamics with a focus on social dynamics, against the backdrop of “hard convergence,” where AI is a catalyst in reengineering system design and interdependencies.
  4. Emerging trends and strategic implications: presented a reflection on why soft convergence currently dominates the business landscape and how hard convergence could emerge as a groundbreaking approach in System Dynamics research and application.

The webinar welcomes scholars, researchers, and industry practitioners. This session seeks to provide insights and forward-thinking perspectives on the intersection of these two fields.

Critical Resource-Development With Dynamic Business Models

October 16 at 11 am NY | 4 pm London | 11 pm Beijing | Time Converter

This seminar is part of our special series System Dynamics for Business Innovation with Kim Warren. A series of nine webinars offering a deep dive into the application of System dynamics in Business. The sessions will explore strategic modeling techniques and their transformative impact across different business domains, from strategic management to IT systems planning and environmental impact. This series will reveal the potential of System Dynamics as a powerful tool for business innovation and complex decision-making.

Session 9

Critical Resource-Development With Dynamic Business Models

Overview

CEOs and other leaders understand the critical role that certain resources play in driving business development and performance – staff and their skills, strong products and services, valuable and loyal customers. They also know that developing and sustaining these factors is tough! This session explores how dynamic business models (DBMs) can capture resource pipelines in marketing, staffing, product development, and other staged business processes, and how DBMs can be used to plan, analyze, and manage these processes, for stronger business development and performance.

Learning Outcomes: 

  1. Understand the stages through which business resources develop. 
  2. See how DBMs quantify and capture the dynamics of pipelines for customers, staff and other resources.
  3. Gain insights into how resource-development modeling can improve business development and performance.

Target Audience:

  • Marketing, HR, and product-development executives and analysts.
  • Business analysts, consultants and strategists wanting stronger models for business development and performance.
  • Academics and students interested in business strategy development and implementation.

This webinar aims to equip attendees with the knowledge to utilize dynamic business models for effective planning and management of crucial business development activities.

About the Presenter

Kim Warren is an accomplished strategist with a wealth of experience in the business world. He spent 10 years in senior strategy roles, including as Retail Strategy Director at Whitbread PLC. Warren then transitioned to academia, teaching Strategic Management at London Business School for two decades. During his tenure, he developed a keen interest in System Dynamics, finding traditional strategy tools insufficient for modern business challenges. This led him to embrace and adapt System Dynamics, creating the Strategy Dynamics method. Warren’s method focuses on designing and managing business systems dynamically to adapt to changing markets and internal business conditions. He has authored influential books on the subject, including “Competitive Strategy Dynamics” and “Strategic Management Dynamics,” and has been recognized with the prestigious Jay Wright Forrester Award from the International System Dynamics Society, where he also served as president in 2013. Warren, along with his partner Christina Spencer, has developed a range of learning materials and courses to disseminate the Strategy Dynamics method, utilizing the Silico online modeling app to support this approach.

For more detailed information, you can visit his website here